Sales of New Homes Weaken in February

This article is about how home sales reached a record low in February which has lowered prospects of recovery for the housing sector. The sales lowered even though government gave tax credit to lure buyers. Sales of new homes have fallen by 23% since October but buyers rushed to take advantage of the $8000 tax credit before it expired. The actual home sales in January were higher than the forecasted sales but it will take some time for the housing sector to prosper.